| Publication |
2009.
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| Summary/Abstract |
Contemporary globalisation is viewed both as offering immense opportunities and posing a fundamental threat to the nation-state and democratic governance. To the proponents of globalisation, integration into the world economy through liberalisation of foreign trade and capital flows, combined with deregulation of the national economy, promises greater economic efficiency, higher consumption levels and generally improved living standards. For them, state intervention in the economy aimed at restricting the free play of market forces is dysfunctional, resulting in lower social and economic benefits for the population at large. Within this optimistic perspective, globalisation is thought likely to 'flatten' economic differences between nations1 and lead to a 'borderless world',2 where the barriers to flows of capital, technology, and information will be minimised if not totally removed.
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